AT&T, DirecTV extend 'termination date' for second time

Tuesday, 30 Jun 2015 | 8:42 AM ETReuters

SHARES

Getty Images

AT&T, the No. 2 U.S. telecom company, said it has extended the "termination date" of the merger agreement with satellite TV provider DirecTV for "a short period of time," the second time in two months.

AT&T in May last year offered to buy DirecTV to create the largest U.S. pay TV company. The deal highlights AT&T's pressing need for fresh avenues of growth beyond the maturing U.S. cellular business, which has become increasingly competitive.